Wonder Fried Chicken bought equipment on January 2,2024 , for $15,000. The equipment was expected to remain in service for four years and to operate for 3,000 hours. At the end of the equipment's useful life, Wonder estimates that its residual value will be $3,000. The equipment operated for 300 hours the first year, 900 hours the second year, 1,200 hours the third year, and 600 hours the fourth year. Read the requirements. Requirements Requireme the three de or the equipment under ations. Note: Three depreciatio 1. Prepare a schedule of depreciation expense, accumulated depreciation, and Begin by pr book value per year for the equipment under the three depreciation methods: straight-line, units-of-production, and double-declining-balance. Show your computations. Note: Three depreciation schedules must be prepared. 2. Which method tracks the wear and tear on the equipment most closely? Requiremest 1. Prepare a schedule of depreciation expense, accumulatod depreciation, and book value per year for the equigmont undor the three depreciation methods straight-ino, untiod-prodicton. Begin by proparing a deprodation sctedile using the stright line meithod